LDC

LDV

LED

LEDC

LFR

LHV

LNG

LOR

LPG

liquefied petroleum gas

LRMC

long run marginal cost

LULUCF

land-use, land-use change and forestry

light petroleum products

include liquefied petroleum gas (LPG), naphtha and gasoline.

liquefied natural gas

natural gas that has been liquefied by reducing its temperature to -162°C at atmospheric pressure. In this way, the space requirements for storage and transport are reduced by a factor of more than 600.

liquidity

the ability to sell assets without significant movement in the price and with minimum loss of value.

low-carbon technologies

technologies that produce low – or zero – greenhouse-gas emissions while operating. In the power sector this includes fossil-fuel plants fitted with carbon capture and storage, nuclear plants and renewable-based generation technologies.

lower heating value

the heat liberated by the complete combustion of a unit of fuel when the water produced is assumed to remain as a vapour and the heat is not recovered.